Week 3: Digital Currency

Week 3: Digital Currency

9th - 12th Grade

8 Qs

quiz-placeholder

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Week 3: Digital Currency

Week 3: Digital Currency

Assessment

Quiz

Computers

9th - 12th Grade

Hard

Created by

Rufaida Auliar

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8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the defining feature of digital currency

It is only available in physical form

It exists only electronically and has no physical form

It is managed by government institutions

It cannot be used for online transactions

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can digital currency be used?

It can only be used for physical goods

It can be used like fiat currency to buy goods and services or transferred between accounts.

It is only used by banks to move money between them.

It is used exclusively for trading stocks.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the key issue with the central banking system when it comes to digital currency?

Inflation control

Confidentiality and security of transactions

Lack of physical cash reserves

Transaction speed

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What technology does cryptocurrency use o track transactions?

Database Systems

Password Protection

Cryptography

Financial institutions

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which system does tradition digital currency rely on?

Blockchain network

Central Banking System

Peer-to-Peer network

Decentralised computers

6.

MULTIPLE CHOICE QUESTION

30 sec • Ungraded

Cryptocurrency transactions are publicly available and cannot be tracked.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • Ungraded

Cryptography does not involve encryption and decryption for securing information.

True

False

8.

MULTIPLE CHOICE QUESTION

30 sec • Ungraded

Cryptocurrency uses a decentralized network to manage transactions.

True

False